Sea Change Foundation
- Assets
- $294.5m
- Revenue
- $10.6m
- Investments
- $287.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-4952986
Organization Overview
Sea Change Foundation is located in San Francisco, CA. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Change Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Sea Change Foundation generated $10.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $45.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Sea Change Foundation has awarded 85 individual grants totaling $137,214,965. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Simons President | 0 | $0 | |
Thomas Steinbach Exec Dir | 10 | $0 | |
Laura Baxter-Simons Cfo/secretary | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comyns Smith Mccleary & Deaver Llp | 12/30/19 | $78,503 |
Seiler Llp | 12/30/19 | $88,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,596 |
| Dividends & Interest | $723 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,423,674 |
| Capital Gain Net Income | $15,942,686 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $125,561 |
| Total Revenue | $10,552,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $274,821 |
| Taxes | $670,442 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,000 |
| Printing and publications | $0 |
| Other expenses | $309,914 |
| Total operating and administrative expenses | $1,484,034 |
| Contributions, gifts, grants paid | $44,400,000 |
| Total expenses and disbursements | $45,884,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,031 |
| Savings and temporary cash investments | $6,774,457 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,832 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $287,349,856 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,480,176 |
| Accounts payable and accrued expenses | $91 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,274,920 |
| Total liabilities | $1,275,011 |
Grants Awarded
Over the last fiscal year, Sea Change Foundation has awarded $44,400,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: EDUCATE PUBLIC ABOUT CLIMATE AND CLEAN ENERGY | $13,000,000 |
San Francisco, CA PURPOSE: EDUCATE PUBLIC ABOUT CLIMATE AND CLEAN ENERGY | $9,000,000 |
Washington, DC PURPOSE: EDUCATE PUBLIC ABOUT CLIMATE AND CLEAN ENERGY | $5,300,000 |
Washington, DC PURPOSE: EDUCATE PUBLIC ABOUT CLIMATE AND CLEAN ENERGY | $3,000,000 |
New York, NY PURPOSE: EDUCATE PUBLIC ABOUT CLIMATE AND CLEAN ENERGY | $2,300,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $2,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sea Change Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Howard And Maryam Newman Family Foundation Inc Bedford, NY PURPOSE: TO HELP ACHIEVE MEANINGFUL SOCIAL IMPACT THROUGH STRATEGIC PHILANTHROPY THAT ADDRESSES THE MOST PRESSING PROBLEMS FACING THE WORLD TODAY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Partnership Of Kern Bakersfield, CA | $40,550,672 | $119,116,159 |
The Neighborhood House Assn San Diego, CA | $20,146,968 | $97,699,697 |
Portable Practical Educational Preparation Inc Tucson, AZ | $20,477,573 | $94,704,086 |
Chicanos Por La Causa Inc Phoenix, AZ | $7,948,599,708 | $121,803,796 |
Sbcs Corporation Chula Vista, CA | $44,117,675 | $87,559,700 |
Bay Area Community Services Inc Oakland, CA | $30,842,402 | $71,014,541 |
United Movement Inc Las Vegas, NV | $7,228,928 | $63,347,968 |
Nevada H A N D Inc Las Vegas, NV | $197,568,857 | $83,930,370 |
Lift To Rise Palm Desert, CA | $10,036,798 | $56,799,508 |
Catholic Charities Of Santa Clara County San Jose, CA | $37,221,303 | $52,659,902 |
Farmlink Project Pacific Palisades, CA | $3,073,736 | $51,204,063 |
Arizonas Children Association Tucson, AZ | $18,515,748 | $50,621,725 |